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John Stewart had a pretty good interview with Oren Cass that helped me understand a bit about what the Trump administration might be thinking: https://www.yout
by mitthrowaway2 2y ago
John Stewart had a pretty good interview with Oren Cass that helped me understand a bit about what the Trump administration might be thinking:
https://www.youtube.com/watch?v=vgEQeLR-M0g https://www.youtube.com/watch?v=vgEQeLR-M0g
Also Money & Macro:
https://www.youtube.com/watch?v=1ts5wJ6OfzA https://www.youtube.com/watch?v=1ts5wJ6OfzA
https://www.youtube.com/watch?v=d-2VilC9EzI https://www.youtube.com/watch?v=d-2VilC9EzI
- vaidhy 2y agoI found it hard to understand the fundamental belief of Oren that the other countries are free-loading off US, when US encouraged/forced those countries to be US production factories. They are either free-loading or US made them to be export oriented so that US can maintain its dollar status. Saying both are true seems disingenuous.
- mitthrowaway2 2y agoYes, I think that this is the fundamental paradox that this "new right" viewpoint will have to grapple with. If you want tribute from other countries, it basically means you want them to send you free stuff, which undercuts your domestic production. If you want to maintain a trade surplus like China, then that means you want to send stuff to other countries and accept less in return. You can only have it one way or the other; those can't both be seen as freeloading.